Argentina has repaid its $20 billion credit line from Trump administration, Scott Bessent says
Fortune••business
Key Points:
- Argentina's libertarian administration under Milei has fully repaid its limited draw from the U.S. credit line, with the central bank having traded pesos for $2.5 billion through the swap as of October.
- The U.S. rescue package provided crucial dollar liquidity, halting a market rout ahead of Argentina's midterm elections, where Milei's party secured a major victory supporting austerity reforms.
- Milei's government recently issued a dollar bond for the first time in eight years, signaling renewed investor confidence and a return to international bond markets.
- The U.S. Treasury praised the repayment as a validation of its bailout, framing it as a strategic move aligned with "America First" policy despite domestic criticism over the loan's risks
